Self Storage Group
Market Cap
kr1.8b
Last Updated
2020/01/26 22:48 UTC
Data Sources
Company Financials +
Executive Summary
Self Storage Group ASA engages in the operation and rental of self-storage units to private individuals and businesses in Norway, Sweden, and Denmark.
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with mediocre balance sheet.
Similar Companies
Share Price & News
How has Self Storage Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SSG has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.1%
SSG
-0.4%
NO Commercial Services
-0.8%
NO Market
1 Year Return
50.6%
SSG
15.4%
NO Commercial Services
4.9%
NO Market
Return vs Industry: SSG exceeded the Norwegian Commercial Services industry which returned 15.1% over the past year.
Return vs Market: SSG exceeded the Norwegian Market which returned 4.5% over the past year.
Shareholder returns
| SSG | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.1% | -0.4% | -0.8% |
| 30 Day | -1.5% | -0.004% | 1.1% |
| 90 Day | 23.2% | 6.0% | 3.6% |
| 1 Year | 50.6%50.6% | 19.0%15.4% | 10.5%4.9% |
| 3 Year | n/a | 13.8%3.9% | 31.4%15.1% |
| 5 Year | n/a | 35.1%14.6% | 64.3%26.9% |
Price Volatility Vs. Market
How volatile is Self Storage Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Trade Alert: The Director Of Self Storage Group ASA (OB:SSG), Yvonne Sandvold, Has Sold Some Shares Recently2 weeks ago | Simply Wall St
Should You Be Adding Self Storage Group (OB:SSG) To Your Watchlist Today?1 month ago | Simply Wall St
Is Now The Time To Look At Buying Self Storage Group ASA (OB:SSG)?Valuation
Is Self Storage Group undervalued compared to its fair value and its price relative to the market?
13.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SSG (NOK28.5) is trading below our estimate of fair value (NOK32.46)
Significantly Below Fair Value: SSG is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: SSG is poor value based on its PE Ratio (24.5x) compared to the Commercial Services industry average (18.4x).
PE vs Market: SSG is poor value based on its PE Ratio (24.5x) compared to the Norwegian market (14.2x).
Price to Earnings Growth Ratio
PEG Ratio: SSG is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: SSG is overvalued based on its PB Ratio (2.4x) compared to the XE Commercial Services industry average (1.7x).
Next Steps
Future Growth
How is Self Storage Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
11.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SSG's forecast earnings growth (16.6% per year) is above the savings rate (0.7%).
Earnings vs Market: SSG's earnings (16.6% per year) are forecast to grow slower than the Norwegian market (20.2% per year).
High Growth Earnings: SSG's earnings are forecast to grow, but not significantly.
Revenue vs Market: SSG's revenue (11.8% per year) is forecast to grow faster than the Norwegian market (3.2% per year).
High Growth Revenue: SSG's revenue (11.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SSG's Return on Equity is forecast to be low in 3 years time (9.2%).
Next Steps
Past Performance
How has Self Storage Group performed over the past 5 years?
34.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SSG has high quality earnings.
Growing Profit Margin: SSG's current net profit margins (32%) are higher than last year (24.2%).
Past Earnings Growth Analysis
Earnings Trend: SSG's earnings have grown significantly by 34.7% per year over the past 5 years.
Accelerating Growth: SSG's earnings growth over the past year (44.8%) exceeds its 5-year average (34.7% per year).
Earnings vs Industry: SSG earnings growth over the past year (44.8%) exceeded the Commercial Services industry 6.2%.
Return on Equity
High ROE: SSG's Return on Equity (8.3%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Self Storage Group's financial position?
Financial Position Analysis
Short Term Liabilities: SSG's short term assets (NOK139.9M) do not cover its short term liabilities (NOK237.3M).
Long Term Liabilities: SSG's short term assets (NOK139.9M) do not cover its long term liabilities (NOK738.4M).
Debt to Equity History and Analysis
Debt Level: SSG's debt to equity ratio (35.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if SSG's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SSG's debt is well covered by operating cash flow (36.7%).
Interest Coverage: SSG's interest payments on its debt are well covered by EBIT (6.9x coverage).
Balance Sheet
Inventory Level: SSG has a high level of physical assets or inventory.
Debt Coverage by Assets: SSG's debt is not covered by short term assets (assets are 0.4x debt).
Next Steps
Dividend
What is Self Storage Group's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate SSG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SSG's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SSG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SSG's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SSG's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
Next Steps
Management
What is the CEO of Self Storage Group's salary, the management and board of directors tenure and is there insider trading?
4.0yrs
Average management tenure
CEO
Fabian Søbak 0
4yrs
Tenure
kr535,000
Compensation
Mr. Fabian Emil Søbak has been the Chief Executive Officer at Self Storage Group ASA since 2016. Mr. Søbak co-founded OK Minilager AS together with his father, Gustav Søbak, in 2009. Since then, he has hel ...
CEO Compensation Analysis
Compensation vs Market: Fabian's total compensation ($USD60.27K) is below average for companies of similar size in the Norwegian market ($USD485.40K).
Compensation vs Earnings: Fabian's compensation has increased by more than 20% in the past year.
Management Age and Tenure
4.0yrs
Average Tenure
Experienced Management: SSG's management team is considered experienced (4 years average tenure).
Board Age and Tenure
2.3yrs
Average Tenure
Experienced Board: SSG's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: SSG insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 415,584 |
| Max Price | kr27.03 |
| Entity | Company |
| Shares | 19,230,909 |
| Max Price | kr27.00 |
| Entity | Company |
| Shares | 344,805 |
| Max Price | kr27.00 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10%.
Management Team
Gustav Søbak
COO & Director
- Tenure: 3.2yrs
- Compensation: kr100.00k
Fabian Søbak
Chief Executive Officer
- Tenure: 4yrs
- Compensation: kr535.00k
Cecilie Margrethe Hekneby
Chief Financial Officer
- Tenure: 5yrs
- Compensation: kr1.40m
Lauras Melnikas
Growth Manager
- Compensation: kr961.00k
Isak Larsson
General Manager of CSS
- Tenure: 3yrs
- Compensation: kr1.59m
Bente Myhre
Group Financial Controller
Board Members
Ingrid Leisner (51yo)
Director
- Tenure: 1.7yrs
Yvonne Sandvold
Director
- Tenure: 2.3yrs
- Compensation: kr100.00k
Runar Vatne
Chairman
- Compensation: kr100.00k
Gustav Søbak
COO & Director
- Tenure: 3.2yrs
- Compensation: kr100.00k
Company Information
Self Storage Group ASA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Self Storage Group ASA
- Ticker: SSG
- Exchange: OB
- Founded: 1993
- Industry: Diversified Support Services
- Sector: Commercial Services
- Market Cap: kr1.781b
- Shares outstanding: 65.73m
- Website: https://www.selfstoragegroup.no
Number of Employees
Location
- Self Storage Group ASA
- Karenslyst Allé 2
- Oslo
- Oslo
- 278
- Norway
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SSG | OB (Oslo Bors) | Yes | Ordinary Shares | NO | NOK | Oct 2017 |
| SSGO | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | NOK | Oct 2017 |
Biography
Self Storage Group ASA engages in the operation and rental of self-storage units to private individuals and businesses in Norway, Sweden, and Denmark. The company operates through OK Minilager, City Self-Storage, and Property segments. It operates climate controlled storage units and container based storage units. The company also retails storage ancillary goods, such as boxes, tapes, and bubble-wraps; distributes insurance products; and invests in, owns, and develops real estate properties. As of November 04, 2019, it operated 110 facilities with a total lettable area of 134,900 square meters across Scandinavia. The company was founded in 1993 and is headquartered in Oslo, Norway.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/26 22:48 |
| End of Day Share Price | 2020/01/24 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.